Manchester City made this known as the Spanish playmaker is set to exit the club after 10 years.
Silva’s successful 10-year spell at City wrapped up on Saturday night after crashing out of Champions League defeat by Lyon.
The 34-year old was signed from Valencia in 2010, the midfielder, he went ahead and appeared 436 times for The Citizens and lifted 14 trophies.
“David is a transformational player, a quiet leader who has inspired everyone around him,” said City chairman Khaldoon Al Mubarak.
“David’s statue will act as a lasting reminder of the wonderful moments that he gave us, not only as an incredible footballer, but as an inspiring ambassador who represented this football club with great dignity at all times.”